September 21, 2020 Read More →

CEED: PHL coal focus causing electricity price spikes

Business Mirror:

Power rates across the country’s grid rose on the average and the Center for Energy, Ecology, and Development (CEED) puts the blame on the country’s dependence on coal power.

“The six-centavo increase in the country’s national average power rate as of December last year, as reported by the Department of Energy, is another question posed as to why DOE is still intent on maintaining and even intensifying our dependence on costly and unreliable electricity from coal for our power needs,” CEED executive Director Gerry Arances said in a statement.

He said there would be a 30% reduction in electricity charges if renewable energy becomes our primary source of power, according to IEEFA (Institute for Energy Economics and Financial Analysis).

[Staff Report]


More: CEED blames PHL’s dependence on coal for power rate spike

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